Token Terminal is a platform that aggregates financial and alternative data on blockchains and decentralized applications that run on blockchains.

We believe that both blockchains and decentralized applications are conceptually similar to traditional marketplace businesses.

Let's consider a decentralized exchange (DEX) as an example: The DEX connects supply-side service providers (liquidity providers) with demand-side users (traders), and charges a percentage of the fees (trading fees) as its rake (revenue). It is an Internet-native business that is owned and operated by its tokenholders, similar to how a traditional company is owned and operated by its shareholders.

On Token Terminal, we measure and evaluate the performance of blockchains and decentralized applications using traditional financial key performance indicators. Our hope is to correct the misunderstanding, where applicable, that crypto is all about currencies.

An increasing number of projects in crypto can be valued based on fundamental metrics, such as revenue and earnings.In this documentation, you’ll find everything you need to know about our data, metrics, API, and pricing.